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Novus announces acquisition

Acquisition will strengthen company's portfolio in the feed industry

Novus
International Inc
. announced today its intent to acquire the animal nutrition
division of
Albion
Laboratories
Inc., a company based in Clearfield, Utah,
USA. Terms of the proposed deal were not disclosed.

Products from the acquisition will align with Novus's
Mintrex chelated trace mineral products and further expand its
mineral technology. When complete, this acquisition will enable
Novus to offer its customers and the market an expanded
chelated trace mineral product portfolio.

"The intent to acquire Albion's animal division is
consistent with the direction Novus has taken to work with
industry partners to achieve greater production efficiencies
and minimize environmental impact," said Giovanni Gasperoni,
executive vice president, Novus International.

"Novus will continue to fully support and invest in its
Mintrex chelated trace mineral technology," he continued.
"Albion will be viewed as an additional line to support the
industry's movement to superior, well-defined and efficacious
chelated mineral solutions."